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11933 NE Davis St
Portland, OR 97220
The Hazelwood Retirement Community · Multifamily Property For Sale
·
120 Units
PROPERTY FACTS
| No. Units | 120 | Lot Size | 0.81 AC |
| Property Type | Multifamily | Building Size | 117,649 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1998 |
| Building Class | B | Parking Ratio | 0.41/1,000 SF |
| Zoning | CX | ||
| No. Units | 120 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.81 AC |
| Building Size | 117,649 SF |
| No. Stories | 4 |
| Year Built | 1998 |
| Parking Ratio | 0.41/1,000 SF |
| Zoning | CX |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Kitchen
- Refrigerator
- Views
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Fitness Center
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Security System
- Gated
- Laundry Service
- Storage Space
- Conference Rooms
- Elevator
- Lounge
- Multi Use Room
- Sundeck
ABOUT 11933 NE DAVIS ST , PORTLAND, OR 97220
Glisan Street Station is a 43,884-square-foot, established multi-tenant retail center located in Portland, Oregon. The property features three retail pads with great visibility and frontage on Northeast 122nd and Northeast Glisan and an inline multi-tenant building. The property is shadow-anchored by the Gateway submarket’s largest tenant, the Oregon Department of Human Services, which occupies a 117,500-square-foot office building adjacent to Glisan Street Station. The center is 96 percent leased offering a stable income stream and is being offered for sale at a 7.40 percent cap rate. There is future upside through in-place leases containing fixed annual rent increases. Glisan Street Station has had a great history of occupancy with 68 percent of the tenants having occupied their space for at least seven years and half of those tenants occupying their spaces for 20 years, since the property was originally developed back in 1998. All of the leases are on a true triple-net lease structure with the tenants reimbursing for their pro-rata share of taxes, insurance, and common area maintenance (CAM).
PROPERTY TAXES
| Parcel Number | R170779 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,429,880 |
PROPERTY TAXES
